Flex Shop with Two Bay
6505 Faudree Rd Odessa, TX 79762
6505 Faudree Rd, Odessa, TX, 79762
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For Sale
Contact for pricing
5,476 SF flex shop on 1 acre with two bay doors, secure coded entry, and well and septic services.
Property Size5,476 SF
Lot Size1.00 Acre
Price / SF$181.70
Days on Market20
Property Features for 6505 Faudree Rd
General Information
- Standard status
- Active
- Size
- 5,476 SF
- Lot size
- 1.00 Acre
- Property subtype
- Retail
Building Details
- Year Built
- 2015
Listing agency
SIMS & GUESS, REALTORS
(432) 553-3679
Listed by
Nicole Pool · License #0731309
Source
Crexi
Added: Jul 2 Updated: Jul 21 at 3:37AM Checked: Jul 21 at 3:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SIMS & GUESS, REALTORS
Investment Insights
Based on property information with market context.
This exceptional flex property is designed for work, storage, or a private retreat. Built in 2015, the 5,476 SF shop includes secure coded entry and two bay doors. The exterior features cinderblock construction with metal fencing, and the property is served by a water well and septic system.
Zoned Retail-1, the building can be configured for both residential and commercial use. Inside, a premium lounge setup includes a granite kitchen, custom wood cabinetry, an ice maker, wine rack, and a full bathroom with a shower. Additional comforts include mini-split A/C and overhead storage.
The layout and improvements support flexible day-to-day use, whether the space is operated as a shop, used for storage, or adapted to a combined living and work environment under the stated zoning classification.
Zoned Retail-1, the building can be configured for both residential and commercial use. Inside, a premium lounge setup includes a granite kitchen, custom wood cabinetry, an ice maker, wine rack, and a full bathroom with a shower. Additional comforts include mini-split A/C and overhead storage.
The layout and improvements support flexible day-to-day use, whether the space is operated as a shop, used for storage, or adapted to a combined living and work environment under the stated zoning classification.
Key Highlights
- 5,476 SF flex shop on 1 acre, built in 2015
- Zoned Retail‑1 and can be used as residential and commercial, depending on buyer’s plans
- Two bay doors plus secure coded entry for work or storage access
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $95.3k | $17.40 |
| − Vacancy | −$8.1k | −$1.48 |
| EGI | $87.2k | $15.92 |
| − OpEx | −$26.2k | −$4.78 |
| NOI | $61.0k | $11.14 |
5,476 SF · lease $17.40/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$7.96M
$6.97M – $9.29M
NOI $557,261 @ 7.0% cap · market cap 56.01%
Second Best
Warehouse
$6.44M
$5.64M – $7.51M
NOI $450,897 @ 7.0% cap · market cap 45.32%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - 5,476 SF flex shop on 1 acre with two bay doors, secure coded entry, and well and septic services.
Where is this flex space located?
The property is located at 6505 Faudree Rd Odessa, TX.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: 5,476 SF flex shop on 1 acre, built in 2015; Zoned Retail‑1 and can be used as residential and commercial, depending on buyer’s plans; Two bay doors plus secure coded entry for work or storage access
